纽约时报长期上行空间有限，原因是激烈的数字竞争和老龄化的订阅用户基础；目前估值过高。
逐段跳播
这里的情况会与梅西百货有些相似，我们面对的是另一家传统公司，但如果你能相信的话，这家公司正以非常好的速度增长。
Here, the situation would be a little similar to Macy's, where we have another traditional company, but one that is growing at very good rates , if you can believe it.
这涉及纽约时报公司，交易代码为NYT，伯克希尔向其追加了4300万美元，在本季度将其持股比例提高了约4%。这是那里最小的增幅。
This pertains to The New York Times, trading under the symbol NYT, into which Berkshire added another $43 million, increasing its stake by approximately 4% during the quarter. This was the smallest increase there.
众所周知，印刷媒体在几乎整个2000年代都遭受了毁灭性的打击。令人惊讶的是，《纽约时报》实际上成功扭转了这一趋势，这主要归功于其强大的数字化转型和专注。
Now, it is no secret that print media suffered devastating blows throughout almost the entire 2000s. Surprisingly, the New York Times has actually managed to reverse this trend, largely thanks to its strong digital transformation and focus.
他们不再满足于仅仅销售每日新闻；他们扩展了数字产品，包括生活方式类别，我相信这些能让读者每天与他们保持联系。这包括“NYT Cooking”、每日游戏、“The Athletic”提供深度体育报道，甚至还有“Wirecutter”提供产品评测。
They are no longer content with simply selling daily news ; they have expanded their digital offerings to include lifestyle categories that, I believe, keep readers connected to them on a daily basis. This includes things like "NYT Cooking," Daily Games, " The Athletic" for intensive sports coverage, and even "Wirecutter" for product reviews.
每日游戏、“The Athletic”提供深度体育报道，甚至还有“Wirecutter”提供产品评测。他们还在积极扩展视频新闻和播客，以帮助吸引一部分对多媒体感兴趣的受众。
Daily Games, " The Athletic" for intensive sports coverage, and even "Wirecutter" for product reviews. They are also expanding aggressively into video journalism and podcasts to help attract a portion of that multimedia-interested audience as well.
平心而论，他们的财务业绩确实令人印象深刻，分析师预测未来几年还会有更多的个位数增长。但对我来说，长期来看我看不到太多值得期待的东西，因为即使数字化转型到目前为止是成功的，我仍然觉得有大量成熟完善的在线竞争对手在激烈争夺观众的注意力。
To give credit where credit is due, their financial results were indeed impressive, with analysts predicting even more single-digit gains in the coming years. But for me, I don't see much to look forward to in the long term, because even with the successful digital transformation so far, I still feel there is a large and well-established online competition fighting fiercely for viewers' attention.
你在与TikTok、YouTube、X和Instagram等平台竞争，还有我在网上随处可见的无数免费新闻聚合器。
You are competing with platforms such as TikTok, YouTube, X, and Instagram, as well as countless free news aggregators that I see everywhere online.
此外，这方面更倾向于猜测或个人印象。但这里我在猜测，我觉得大多数《纽约时报》订阅者一定是老年人，因为我从未遇到过《纽约时报》的订阅者，甚至从未听说过有人使用他们的任何应用或服务。
In addition, this aspect tends more towards speculation or personal impressions. But here I am guessing, I feel that most New York Times subscribers must be elderly, because I have literally never met a New York Times subscriber or even mentioned using any of their apps or services.
每次我尝试点击《纽约时报》的链接，通常都会遇到付费墙，长期来看可能每年花费数百美元，无论如何我都不会支付。我可以从其他地方获取这些信息。
Every time I tried to click on a link to the New York Times, it was usually behind a paywall that could cost hundreds of dollars a year in the long run, something I would never pay no matter what . I can get that information from somewhere else.
随着股价达到如此高的水平，并且交易价格超过行业平均水平的73%，我觉得在这个价格上它被严重高估了。事实上，我会把这只股票的评级排在梅西百货之下，因为我认为在这个价格上它是一笔非常糟糕的交易。
With the stock reaching this high level and trading at more than 73% of the sector average, I feel it is very overvalued at this price. In fact, I would rank this stock even lower than Macy's because I think it's a very bad deal at this price.
这个频道对 $NYT 的历次判断
Ale's World of Stocks 在这只股票上只有这一条判断。